Japan Gasoline Holds at 170 Yen on Subsidies as Oil and Weak Yen Inflate the Bill
# gasoline price# Japan subsidies# fuel
Key Points
- National average pump price stays around 170 yen
- Government subsidies absorb oil and currency pressure
- $93 oil and a 164 yen dollar swell the fiscal cost
Analysis
Japan's average gasoline price holds at 170 yen per liter, propped up by government subsidies. With crude at $93 and the yen near 164, the treasury absorbs a swelling bill—making subsidy exit ever harder to time.